Industrial How are housing prices trending in US metro areas?
Mobility restrictions and economic uncertainty due to Covid-19 may be affecting the real estate market. UBS Evidence Lab collects data on housing in metropolitan areas across the US.
- Prices fell in February in several cities.
- In Los Angeles, prices then recovered and were up as of March 14.
- Chicago and New York have seen the most significant declines.
- Prices in Detroit and Miami have held relatively steady.
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Y/y change in median housing prices in select US cities since late February 2020
